October 24, 2013: Barbados Announces Its Intention to Negotiate Model 1 IGA
Foreign Account Tax Compliance Act (FATCA)
Barbados has signaled to the U.S. its intention to sign a Model 1 IGA
On October 24, 2013, the Barbados Prime Minister announced Barbados’ intention to sign a Model 1 IGA with the U.S. as well as his willingness to join the Organization for Economic Co-operation and Development (OECD) Multilateral Automatic Exchange of Information Convention.
The Prime Minister expects to formally announce the negotiation of the Model 1 IGA with the U.S. and to work towards concluding the Agreement by the end of the year.
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